Lundin Gold Inc
Lundin Gold Inc. operates as a mining company in Canada. The company holds interests in 28 metallic mineral concessions and three construction material concessions covering an area of approximately 64,454 hectares located in Southeast Ecuador. It primary holds 100% interests in the Fruta del Norte gold project that comprising seven concessions covering an area of approximately 5,566 hectares loca… Read more
Lundin Gold Inc (LUGDF) - Net Assets
Latest net assets as of June 2025: $1.30 Billion USD
Based on the latest financial reports, Lundin Gold Inc (LUGDF) has net assets worth $1.30 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.62 Billion) and total liabilities ($314.74 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.30 Billion |
| % of Total Assets | 80.56% |
| Annual Growth Rate | 50.08% |
| 5-Year Change | 107.26% |
| 10-Year Change | 366.23% |
| Growth Volatility | 719.29 |
Lundin Gold Inc - Net Assets Trend (1998–2024)
This chart illustrates how Lundin Gold Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Lundin Gold Inc (1998–2024)
The table below shows the annual net assets of Lundin Gold Inc from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.22 Billion | +27.25% |
| 2023-12-31 | $955.81 Million | +12.17% |
| 2022-12-31 | $852.08 Million | +4.62% |
| 2021-12-31 | $814.48 Million | +38.79% |
| 2020-12-31 | $586.86 Million | +25.71% |
| 2019-12-31 | $466.82 Million | -21.94% |
| 2018-12-31 | $598.04 Million | +154.65% |
| 2017-12-31 | $234.85 Million | -12.94% |
| 2016-12-31 | $269.74 Million | +3.40% |
| 2015-12-31 | $260.88 Million | -16.27% |
| 2014-12-31 | $311.57 Million | +1364.82% |
| 2013-12-31 | $21.27 Million | -7.43% |
| 2012-12-31 | $22.98 Million | +1.45% |
| 2011-12-31 | $22.65 Million | +146.97% |
| 2010-12-31 | $9.17 Million | -49.57% |
| 2009-12-31 | $18.18 Million | +4.57% |
| 2008-12-31 | $17.39 Million | +404.79% |
| 2007-12-31 | $3.45 Million | -85.96% |
| 2006-12-31 | $24.54 Million | +270.16% |
| 2005-12-31 | $6.63 Million | +38.28% |
| 2004-12-31 | $4.79 Million | +3433.14% |
| 2003-12-31 | $135.70K | -50.74% |
| 2002-12-31 | $275.50K | -76.33% |
| 2001-12-31 | $1.16 Million | -3.53% |
| 2000-12-31 | $1.21 Million | +1877.59% |
| 1999-12-31 | $-67.88K | -314.62% |
| 1998-12-31 | $31.63K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lundin Gold Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 21327065566.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $212.59 Million | 17.48% |
| Other Components | $1.00 Billion | 82.52% |
| Total Equity | $1.22 Billion | 100.00% |
Lundin Gold Inc Competitors by Market Cap
The table below lists competitors of Lundin Gold Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fuchs Petrolub AG Pfd. NV
LSE:0LCR
|
$3.22 Billion |
|
Axfood AB
ST:AXFO
|
$3.22 Billion |
|
Caitong Securities Co Ltd
SHG:601108
|
$3.22 Billion |
|
CNPC Capital Co Ltd
SHE:000617
|
$3.22 Billion |
|
Plaza S.A
SN:MALLPLAZA
|
$3.22 Billion |
|
EASTERN BANKSHARES DL-01
F:EB0
|
$3.22 Billion |
|
Golden Agri-Resources
PINK:GARPY
|
$3.21 Billion |
|
Tutor Perini Corporation
NYSE:TPC
|
$3.21 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lundin Gold Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 955,806,000 to 1,216,299,000, a change of 260,493,000 (27.3%).
- Net income of 426,050,000 contributed positively to equity growth.
- Dividend payments of 143,846,000 reduced retained earnings.
- Other factors decreased equity by 21,711,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $426.05 Million | +35.03% |
| Dividends Paid | $143.85 Million | -11.83% |
| Other Changes | $-21.71 Million | -1.79% |
| Total Change | $- | 27.25% |
Book Value vs Market Value Analysis
This analysis compares Lundin Gold Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.35x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 80.69x to 6.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $0.40 | $32.17 | x |
| 1999-12-31 | $-0.79 | $32.17 | x |
| 2000-12-31 | $2.69 | $32.17 | x |
| 2001-12-31 | $2.55 | $32.17 | x |
| 2002-12-31 | $0.59 | $32.17 | x |
| 2003-12-31 | $0.28 | $32.17 | x |
| 2004-12-31 | $3.25 | $32.17 | x |
| 2005-12-31 | $2.23 | $32.17 | x |
| 2006-12-31 | $6.92 | $32.17 | x |
| 2007-12-31 | $0.81 | $32.17 | x |
| 2008-12-31 | $3.28 | $32.17 | x |
| 2009-12-31 | $2.28 | $32.17 | x |
| 2010-12-31 | $1.00 | $32.17 | x |
| 2011-12-31 | $1.56 | $32.17 | x |
| 2012-12-31 | $1.55 | $32.17 | x |
| 2013-12-31 | $1.43 | $32.17 | x |
| 2014-12-31 | $16.95 | $32.17 | x |
| 2015-12-31 | $2.58 | $32.17 | x |
| 2016-12-31 | $2.48 | $32.17 | x |
| 2017-12-31 | $1.97 | $32.17 | x |
| 2018-12-31 | $3.12 | $32.17 | x |
| 2019-12-31 | $2.11 | $32.17 | x |
| 2020-12-31 | $2.58 | $32.17 | x |
| 2021-12-31 | $3.47 | $32.17 | x |
| 2022-12-31 | $3.60 | $32.17 | x |
| 2023-12-31 | $4.02 | $32.17 | x |
| 2024-12-31 | $5.06 | $32.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lundin Gold Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 35.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.71%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.26x
- Recent ROE (35.03%) is above the historical average (-53.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -220.97% | -310.65% | 0.45x | 1.59x | $-73.05K |
| 1999 | 0.00% | -749.27% | 0.93x | 0.00x | $-174.16K |
| 2000 | -5.75% | -263.17% | 0.02x | 1.02x | $-190.00K |
| 2001 | -1.41% | 0.00% | 0.00x | 1.04x | $-132.83K |
| 2002 | -345.19% | -36930.46% | 0.01x | 1.19x | $-978.55K |
| 2003 | -146.47% | -6189.88% | 0.01x | 1.62x | $-212.33K |
| 2004 | -17.15% | 0.00% | 0.00x | 1.10x | $-1.30 Million |
| 2005 | -69.74% | 0.00% | 0.00x | 1.03x | $-5.29 Million |
| 2006 | -4.50% | 0.00% | 0.00x | 1.03x | $-3.56 Million |
| 2007 | -334.30% | 0.00% | 0.00x | 1.30x | $-11.86 Million |
| 2008 | -79.32% | 0.00% | 0.00x | 1.02x | $-15.53 Million |
| 2009 | -51.08% | 0.00% | 0.00x | 1.03x | $-11.11 Million |
| 2010 | -137.70% | 0.00% | 0.00x | 1.01x | $-13.55 Million |
| 2011 | -4.38% | 0.00% | 0.00x | 1.00x | $-3.26 Million |
| 2012 | -2.03% | 0.00% | 0.00x | 1.00x | $-2.76 Million |
| 2013 | -1.18% | 0.00% | 0.00x | 1.00x | $-2.38 Million |
| 2014 | -0.24% | 0.00% | 0.00x | 1.02x | $-31.91 Million |
| 2015 | -17.37% | 0.00% | 0.00x | 1.02x | $-71.41 Million |
| 2016 | -23.29% | 0.00% | 0.00x | 1.03x | $-89.79 Million |
| 2017 | -17.52% | 0.00% | 0.00x | 2.05x | $-64.62 Million |
| 2018 | -3.69% | 0.00% | 0.00x | 1.69x | $-81.87 Million |
| 2019 | -45.68% | -578.59% | 0.03x | 3.02x | $-259.93 Million |
| 2020 | -8.04% | -13.17% | 0.24x | 2.57x | $-105.84 Million |
| 2021 | 27.19% | 30.19% | 0.44x | 2.07x | $139.98 Million |
| 2022 | 8.63% | 9.02% | 0.49x | 1.96x | $-11.65 Million |
| 2023 | 18.78% | 19.88% | 0.61x | 1.54x | $83.88 Million |
| 2024 | 35.03% | 35.71% | 0.78x | 1.26x | $304.42 Million |
Industry Comparison
This section compares Lundin Gold Inc's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $1,956,755,866
- Average return on equity (ROE) among peers: -68.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lundin Gold Inc (LUGDF) | $1.30 Billion | -220.97% | 0.24x | $3.22 Billion |
| Almadex Minerals Ltd (AAMMF) | $14.43 Million | -15.31% | 0.02x | $11.47 Million |
| Allied Gold Corporation (AAUC) | $111.36 Million | -6.66% | 4.92x | $1.61 Billion |
| Aero Energy Limited (AAUGF) | $14.72 Million | -5.86% | 0.05x | $613.34K |
| Abcourt Mines Inc (ABMBF) | $542.08K | -7.78% | 0.16x | $27.58 Million |
| Aben Resources Ltd (ABNAF) | $925.43K | -59.62% | 0.09x | $1.17 Million |
| Advance Gold Corp (ADGCF) | $206.54K | -11.57% | 1.00x | $480.91K |
| Agnico Eagle Mines Limited (AEM) | $19.42 Billion | 10.18% | 0.48x | $105.00 Billion |
| Affinity Gold Corp (AFYG) | $241.37K | -497.12% | 0.10x | $4.68K |
| Andes Gold Corp (AGCZ) | $648.20K | -54.33% | 0.04x | $0.95 |
| Antioquia Gold Inc (AGDXF) | $1.57 Million | -38.90% | 0.28x | $1.44 Million |